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Pursuits Weekly: The $69 Million JPG Signals Boom Time for NFTs

Biden Wins, digital art animation by Beeple

Biden Wins, digital art animation by Beeple

Source: Source: Beeple

The market for digital art reached a breathtaking high this past week when a JPG sold for $69.3 million at Christie's New York.

To put that in context, a masterwork by Vincent Van Gogh brought in "only" $16 million last October. Only two other living artists—Jeff Koons and David Hockney—have seen their works hammer higher than Beeple (aka Mike Winkelmann) did on Thursday. Nothing physical, no box, no plaque, came with the purchase.